Don’t Miss These Crucial Income Tax Due Dates for December 2024
As we approach the final month of the year, it’s essential for taxpayers to stay on top of their financial obligations, especially when it comes to income tax filings and payments. December 2024 comes with a few critical due dates that must be adhered to avoid penalties or interest charges. Whether you are an individual taxpayer, a business owner, or someone responsible for TDS/TCS compliance, understanding these deadlines is crucial to ensure smooth and timely tax management.
In this article, we’ll highlight the key income tax-related due dates for December 2024. Check out the table below to make sure you’re meeting all your obligations.
Income Tax Due Dates for December 2024
| Due Date | Event | Applicable For |
| December 7, 2024 | Payment of TDS for November 2024 | TDS on salary, professional fees, rent, etc., deducted during November 2024. |
| December 7, 2024 | Payment of TCS for November 2024 | TCS collected by sellers during November 2024. |
| December 15, 2024 | ITR return filing due date for person with transfer filing | Due date for filing return of income in the case of an assessee with requirement to furnish report referred to in section 92E, for AY 2024-25 |
| December 15, 2024 | Payment for Advance Tax | Third instalment of advance tax for the assessment year 2025-26 |
| December 15, 2024 | Form 24G | Due date for furnishing of Form 24G by an office of the Government where TDS/TCS for the month of November, 2024 has been paid without the production of a challan |
| December 15, 2024 | TDS Certificate u/s 194IA | Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of October, 2024 |
| December 15, 2024 | TDS Certificate u/s 194IB | Due date for issue of TDS Certificate for tax deducted under section 194-IB in the month of October, 2024 |
| December 15, 2024 | TDS Certificate u/s 194M | Due date for issue of TDS Certificate for tax deducted under section 194M in the month of October, 2024 |
| December 15, 2024 | Form no. 3BB | Due date for furnishing statement in Form no. 3BB by a stock exchange in respect of transactions in which client codes been modified after registering in the system for the month of November, 2024 |
| December 15, 2024 | TDS Certificate u/s 194S | Due date for issue of TDS Certificate for tax deducted under section 194S (by specified person) in the month of October, 2024 |
| December 30, 2024 | Form 26QC | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IB when the payment for the rent exceeds Rs 50,000 in the month of November, 2024 |
| December 30, 2024 | Form 26QD | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194M when the payment for contractors and professional exceeds Rs 50 lakhs in the month of November, 2024 |
| December 30, 2024 | Form 26QB | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194-IA when the payment for the transfer of property exceeds Rs 50 lakhs in the month of November, 2024 |
| December 30, 2024 | Form No. 3CEAD | Furnishing of report in Form No. 3CEAD for a reporting accounting year (assuming reporting accounting year is January 1, 2023 to December 31, 2023) by a constituent entity, resident in India, in respect of the international group of which it is a constituent if the parent entity is not obliged to file report under section 286(2) or the parent entity is resident of a country with which India does not have an agreement for exchange of the report etc. |
| December 30, 2024 | Form 26QE | Due date for furnishing of challan-cum-statement in respect of tax deducted under section 194S when the payment for the transfer of Virtual Digital Asset exceeds Rs 50,000 (by specified person) in the month of November, 2024 |
| December 31, 2024 | Income Tax Return for AY 2024-25 | Filing of belated/revised return of income for the assessment year 2024-25 for all assessee (provided assessment has not been completed before December 31, 2024) |
Conclusion
December 2024 is a busy month for taxpayers in India, with several key deadlines to meet. It is important to stay on top of these dates to ensure compliance and avoid any unnecessary penalties. Make sure to plan ahead, file your returns on time, and pay any outstanding taxes to avoid the last-minute rush. If you’re unsure about any of the requirements, consider seeking advice from a tax professional to ensure you’re on track.
